GameStop is preparing offer for eBay: WSJ reports
GameStop is preparing a potential acquisition offer for eBay, according to a Wall Street Journal report, as part of CEO Ryan Cohen's strategy to dramatically increase the company's market value. eBay's shares rose 14% in extended trading following the news, while GameStop's shares gained 4%. The move would be unusual given that eBay's market capitalization is nearly four times larger than GameStop's.
- ▪GameStop is preparing an offer for eBay as CEO Ryan Cohen aims to boost the company’s market value to US$100 billion.
- ▪eBay has a market capitalization of about US$46 billion, while GameStop’s is nearly US$12 billion.
- ▪GameStop has been quietly building a stake in eBay ahead of a potential offer, and Cohen could take the proposal directly to eBay shareholders if needed.
- ▪A formal offer could be submitted as soon as later in May 2026, though details remain undisclosed.
- ▪Cohen’s US$35 billion compensation package depends on increasing GameStop’s market value and achieving US$10 billion in cumulative performance EBITDA.
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GameStop is preparing offer for eBay: WSJ reportsSign up now: Get ST's newsletters delivered to your inboxShares of eBay, which has a market capitalisation of about US$46 billion, soared about 14 per cent in extended trading after news broke of Gamestop's offer.PHOTO: REUTERSPublished May 02, 2026, 08:15 AMUpdated May 02, 2026, 08:15 AMGameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling video-game retailer’s market value more than tenfold, the Wall Street Journal reported on May 1.Shares of eBay, which has a market capitalisation of about US$46 billion, soared about 14 per cent in extended trading. GameStop gained 4 per cent.
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